The Central Bank of the Bahamas has banned accountable financial institutions from conducting transactions of Russians and Belarusians, which are subject to Western sanctions.

This was stated by the press service of the Central Bank, reports Ukrinform..

“After discussion with the Government of The Bahamas and due regard to the interests of jurisdictions and the financial sector, the agencies that are part of the Financial Services Regulatory Group prohibit anyone who is authorized to work with or through the Bahamas from participating in transactions of sanctioned individuals and entities related to.

It is noted that this decree applies to all persons subject to US, Canadian, UK and EU sanctions imposed due to military aggression against Ukraine..

The Bahamas is one of the world's largest offshore centers, where many companies conduct financial transactions.